Of a decentralized web…Wallets For Namecoin… do I really own my domain name outright?” Or, “Are there stipulations attached to my registration?” The answer is no, you don’t own your domain name outright, but regulations and policies generally safeguard the domain from being drawn from you. But at the end of the day,|The response is no, you don’t own your domain name outright, however guidelines and policies generally secure the domain from being taken from you. At the end of the day,}
it is entirely possible for your domain name to be seized. You’re renting it from the domain pc registry and they have complete control over what occurs with your domain name. I have actually discussed this sanctioned monopoly system prior to which you can find out more about in my “Domain FAQ” video but you do not own your domain name. It’s actually difficult to own a conventional domain. You might have seen, I said conventional domain due to the fact that a company’s working on a new kind of domain name that you can own outright. I had the opportunity to talk to Brad Kam the co-founder of Unstoppable Domains to talk more about the future of the decentralized web. And no this video is not sponsored, I just thought this was really, truly cool what Unstoppable Domains was doing. – So Unstoppable Domains develops domain on blockchains and this is different than a standard domain since the domain name is saved by you, the user inside of your cryptocurrency wallet. So it’s saved within your wallet, just like a cryptocurrency would be. And what this does is it suggests that nobody else can move the domain around, take it away from you, make updates to the domain, anything. Unstoppable Domains can’t do it, nobody can do it.
They require to go and get your personal secret, which is on your device, like your phone or your computer system or whatever. – Today, when you go to acquire a domain name you don’t in fact own it. You’re renting it from a domain registrar like Namecheap and they’re leasing it at wholesale prices from the domain computer system registry. For.com domains that’s Verisign. Verisign holds the secrets to every single.com domain. And that implies they have the power to take a domain name at any provided time. Now, this is technically exceptionally rare, however it is possible. And it brings up a rising issue with our internet, control. Brad calls this the class structure of a domain system. – We’re a computer system registry similar to like a Verisign. Due to the fact that once we’ve sold you a domain there’s absolutely nothing that we can do, the power structure is really various. If it’s a.com domain you’re trusting the pc registry not to alter costs or take the domain far from you in the future. Our domain are one-time costs, so you never ever need to worry about it. When you purchase a domain it’s more like purchasing a football from us. Like there’s absolutely nothing we can do. Once you have it, we can’t update or edit or take the football away from you. In the conventional world, there’s a lot of these resellers. Therefore GoDaddy is a reseller for instance of.com domains. We’re mainly selling our own domains at unstoppabledomains.com right now. There are a couple of others that you can purchase them. You can go to MyEtherWallet, for example, and you can purchase them. Yeah, I think that’s something that’s going to construct. In regards to us starting, it was a little simpler for us to sort of manage the entire user experience and construct all these special tools.
But if you were to like, you understand imagine what things are going to resemble in five to 10 years. Yeah, there need to be great deals of various sellers and resellers and things like that. – Naturally a brand-new type of domain means that you can’t register.com,. co,. net or any of the standard TLDs you’re used to seeing. Today Unstoppable Domains is beginning with.crypto. Not a TLD you ‘d think of as being a perfect suitable for your blog site or organization but we could see some generic TLDs being used in the future. For now, Unstoppable Domains is dealing with crypto lovers. It’s a completely various domain system, suggesting you can’t type craylor.crypto into your browser and load it or can you? See these crypto domains are NFT products. You’ve probably seen this term pop up all over recently. Non-fungible tokens are units of information on a ledger, that is the blockchain and they represent an unique digital item.
In this case, a domain. Now I’m not claiming to comprehend all the technical specifics of this brand-new domain name system. To be sincere, I still have problem with some of the principles of cryptocurrency, and I’m not a specialist in this space. Today we’re not focusing as much on the technical side of NFT domains but more on what it means for the future of the web. The greatest bottleneck is that internet web browsers Google Chrome, Safari, and Microsoft Edge have not yet implemented support for NFT domains. Unstoppable Domains has an option for this, thanks to Cloudflare adding support for their domains.